THOR Industries (NYSE:THO) Shares Gap Down - What's Next?

THOR Industries, Inc. (NYSE:THO - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $81.80, but opened at $80.06. THOR Industries shares last traded at $80.69, with a volume of 61,638 shares.

Analyst Ratings Changes

Several research firms recently issued reports on THO. KeyCorp restated an "underweight" rating and issued a $65.00 price target on shares of THOR Industries in a research note on Thursday. Citigroup cut shares of THOR Industries from a "buy" rating to a "neutral" rating and reduced their target price for the company from $94.00 to $86.00 in a research report on Wednesday. Robert W. Baird lowered their price target on shares of THOR Industries from $110.00 to $100.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Benchmark reissued a "hold" rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, DA Davidson lowered their target price on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $93.00.

THOR Industries Trading Down 1.4 %

The firm's fifty day simple moving average is $96.10 and its 200 day simple moving average is $101.96. The stock has a market capitalization of $4.21 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

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THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business earned $0.13 earnings per share. The business's revenue was down 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

Institutional Trading of THOR Industries

Several institutional investors and hedge funds have recently modified their holdings of the business. Venturi Wealth Management LLC lifted its holdings in shares of THOR Industries by 1.7% in the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company's stock worth $604,000 after acquiring an additional 108 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in THOR Industries by 0.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock worth $1,529,000 after purchasing an additional 112 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in THOR Industries by 0.5% in the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company's stock valued at $2,278,000 after purchasing an additional 113 shares during the last quarter. Blue Trust Inc. boosted its position in THOR Industries by 22.1% in the fourth quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock valued at $64,000 after buying an additional 121 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after buying an additional 121 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors.

About THOR Industries

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.